1. Bahamian regulator says it seized $3.5 billion of FTX crypto assets for ‘safekeeping’
📰 The Securities Commission of The Bahamas said it moved $3.5 billion from FTX’s Bahamian subsidiary, FTX Digital Markets, into its own digital wallets.
📰 The watchdog said the funds are being held on a “temporary basis” until it is directed by the country’s Supreme Court to deliver them to customers and creditors, or to liquidators.
📰 The regulator took the funds after receiving information from Sam Bankman-Fried concerning cyberattacks on the systems of FTX’s Bahamian unit, it said.
2. FTX founder reportedly cashes out $684K after being released on bail
📰 SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana.
📰 Decentralized finance (DeFi) analyst BowTiedIguana took to Twitter on Dec. 29 to report on a series of obfuscated wallet transactions allegedly linked to SBF, suggesting that the former FTX CEO could have violated release conditions to not spend more than $1,000 without permission from the court
https://cointelegraph.com/news/ftx-founder-reportedly-cashes-out-684k-after-being-released-on-bail
3. Trump NFTs Crater With Daily Sales Down 98% From Peak
📰 Former U.S. President Donald Trump’s official NFT trading cards were the talk of the crypto industry but the hype has since faded significantly.
📰 Secondary market sales for the Trump Digital Trading Cards tallied just over $59,300 in total on Wednesday, per data from CryptoSlam. That’s a 98% drop from the peak sales day of over $3.5 million on December 17.
https://finance.yahoo.com/news/trump-nfts-crater-daily-sales-233019638.html
4. Australia overtakes El Salvador to become 4th largest crypto ATM hub
📰 El Salvador, the first country to legalize Bitcoin has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023.
📰 El Salvador’s president Nayib Bukele had ordered the installation of over 200 crypto ATMs across the country. While this move made El Salvador the third largest crypto ATM hub at the time after the United States and Canada in September 2021, Spain and Australia overtook the Central American country’s ATM count in 2022.
https://cointelegraph.com/news/australia-overtakes-el-salvador-to-become-4th-largest-crypto-atm-hub
5. Solana’s slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022
📰 Solana has lost over $50 billion in value since the beginning of 2022, a year marked by outages, overloads, and significant exposure to Sam Bankman-Fried’s FTX exchange.
📰 Proponents argue that Solana is more critical than ever as a decentralized finance platform, but recent price action suggests that investors continue to be skeptical even after the broader crypto markets have stabilized.
📰 Solana was designed as an efficient and speed-first platform, using an innovative consensus mechanism to differentiate itself from ethereum, but has faced developer attrition throughout the year.
https://www.cnbc.com/2022/12/30/solanas-accelerating-yearlong-slide-wipes-out-over-50-billion.html
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